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America's Top States For Business 2013

#19 Montana

Laurel, Montana
Paul Souders | Image Bank | Getty Images
Laurel, Montana
Category
Score
2013 Rank
2012 Rank
Cost of Doing Business 332 5 7
Workforce 126 34 47
Quality of Life 210 12 18
Infrastructure & Transportation 215 12 14
Economy 230 19 18
Education 80 23 16
Technology & Innovation 95 40 39
Business Friendliness 57 43 41
Cost of Living 21 30 31
Access to Capital 6 39 42
Overall 1372 19 24

ECONOMIC PROFILE

Governor: Steve Bullock (D)

Population: 1,005,141

GDP growth: 2.1 percent

Unemployment rate (May 2013): 5.4 percent

Top corporate rate: 6.75 percent

Top individual tax rate: 6.9 percent

Gasoline tax: 27.8 cents/gallon

Bond rating/outlook: Aa1/Stable

Major private employers: Billings Hospital, Aageson Farm, St. Vincent Healthcare, Northwest Health Care, Benefis Health System, Montana State University, St. Patrick's Hospital, University of Montana, Blackfeet Tribe, Bozeman Deaconess Hospital

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)

Top States For Business 2013

From the Governors

Video

  • South Dakota, More Than Just Gorgeous Views

    South Dakota is the winner of the annual "America's Top States for Business" study. CNBC's Scott Cohn reports on the state's economy and its stunning views.

  • Ranking America's Workforces

    CNBC's Scott Cohn reveals how other states fared when it came to their workforce, including a look at education level, retraining programs and union membership.

  • Why South Dakota is Top State for Business

    The cost of doing business was one of the key reasons the Mount Rushmore State captured the top ranking as the best state for business, reports CNBC's Scott Cohn.